Stock Updates for December 26, 2023:

60 / 100

Here are the key stock updates for December 26, 2023:

  1. Biocon: The company has partnered with Sandoz for the exclusive distribution of Adalimumab BS Subcutaneous injection, which is viewed as a positive development.
  2. Reliance Industries: According to a report, Reliance Jio and Walt Disney have signed a non-binding term sheet to merge their Indian media operations, signaling a positive move for both entities.
  3. Wipro: The company denies rumors of former L&T Infotech CEO Sanjay Jalona joining, resulting in a negative impact on market perception.
  4. Anupam Rasayan: The company has signed a Letter of Intent (LoI) worth $61 million or ₹507 crore with a leading Japanese multinational chemical company, indicating a strong positive development.
  5. Zydus Lifesciences: The company has received six observations from the USFDA for its API plant, which is viewed as a negative development.
  6. Can Fin Home: ICRA has upgraded the company’s rating of long-term facilities to ‘AAA’ from ‘AA+’, reflecting positively on its creditworthiness.
  7. Jindal Steel & Power: The company has entered into a Memorandum of Understanding (MoU) with RINL for the operationalization of RINL’s Blast Furnace-3 (BF-3), signaling a positive collaboration.
  8. NTPC: The company’s Renewable Energy unit has won a bid for 900 MW solar projects, indicating a positive outlook for its renewable energy ventures.
  9. Talbros Auto: The board approves the divestment of its entire 40% stake in JV Co Nippon Leakless Talbros for Rs. 81.8 crore, viewed as a positive financial move.
  10. Archean Chemicals: The subsidiary has been declared the successful bidder for acquiring Oren Hydrocarbons Private Limited, signaling a positive expansion.
  11. RITES: The company has entered into a pact with NEEPCO to strengthen logistical infrastructure at Northeast hydropower stations, indicating a positive collaborative effort.
  12. Fusion Microfinance: CARE has revised its credit rating for the Long-Term Bank Loan Facilities of Fusion Micro Finance Limited from CARE A to CARE A+, reflecting positively on its creditworthiness.
  13. NDTV: A civil suit filed by Ankiti Bose before Bombay HC seeking Rs 820 crore damages against arm NDTV Convergence has been amicably settled between the parties, which is viewed as a positive resolution.
  14. RK Forging: NCLT approves RK Forging’s acquisition with ACIL Limited, signaling a positive development.
  15. EMS: The company has received a letter of award from the Urban Development Department for awards worth Rs 356.6 crore, indicating a positive business prospect.
  16. PNC Infratech: The company achieves financial closure for a highway project of Rs 819 crore, reflecting positively on its project execution capabilities.
  17. Adani Wilmar: Promoters propose a share sale in the open market to achieve minimum public shareholding, resulting in a neutral market impact.
  18. UPL: The company plans to raise funds to Rs 4,200 crore via a rights issue, indicating a neutral financial move.
  19. SBI: The bank signs a $165 million Line of Credit with the World Bank for promoting rooftop solar projects in India, reflecting a neutral financial development.
  20. Bank of Baroda: The bank raises its stake in ONDC to 8.51% from 5.56% for Rs 30 crore, indicating a neutral financial move.

You
🔸 Buying Range: Rs. 828-844 🔸 Target: Rs. 960 🔸 Stoploss: Rs. 772 🔸 Timeframe: 3 months IRCON 🔸 Buying range: Rs. 167-171 🔸 Target: Rs. 184 🔸 Stoploss: Rs. 163 🔸 Timeframe: 14 days add it
Here are the provided stock recommendations:
  1. IRCON:
    • Buying Range: Rs. 828-844
    • Target: Rs. 960
    • Stoploss: Rs. 772
    • Timeframe: 3 months
  2. Addition:
    • Buying Range: Rs. 167-171
    • Target: Rs. 184
    • Stoploss: Rs. 163
    • Timeframe: 14 days

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

Please follow and like us:
Pin Share
Stocks With Major Volume and News MUTUAL FUND SIP MONEY TRIPPLE IN 10 YEARS FII DATA 18 SEPTEMBER MIDCAP AND SMALL CAP SHARES SELL MARKET LIVE
Black card with arromatic herb held by wax seal.